Raymond James Has Bullish Outlook for TSE:WPM Q4 Earnings

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Investment analysts at Raymond James raised their Q4 2024 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a research note issued to investors on Thursday, October 31st. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.55 for the quarter, up from their prior estimate of $0.54. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share.

Other equities analysts have also issued reports about the company. Peel Hunt upped their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group increased their price target on Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Eight Capital boosted their price objective on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus upped their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Down 0.8 %

Shares of Wheaton Precious Metals stock traded down C$0.75 during trading on Monday, reaching C$90.18. The company's stock had a trading volume of 934,011 shares, compared to its average volume of 776,604. The company has a market capitalization of C$40.91 billion, a P/E ratio of 52.13 and a beta of 0.70. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$94.84. The business has a 50 day moving average price of C$85.17 and a 200-day moving average price of C$79.41.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, beating analysts' consensus estimates of C$0.39 by C$0.06. The firm had revenue of C$409.19 million for the quarter, compared to the consensus estimate of C$400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a $0.214 dividend. This represents a $0.86 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals's dividend payout ratio is presently 48.55%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.